Sterling Untradeable for a Lot of People, Rabobank's Foley Says

The video discusses the recent significant drop in Sterling, influenced by political events and leadership issues surrounding Prime Minister May. The uncertainty in the political landscape, particularly regarding Brexit, has led to market instability. Traders are advised to be cautious, with many staying out of the market due to the high volatility. The outcome of political developments over the weekend could provide more direction for Sterling's future.

What was a significant factor contributing to the recent decline in Sterling's value?

• Political uncertainties and leadership issues

• Improved trade relations with the EU

• Economic growth in the UK

• Increase in global oil prices

What is Prime Minister May trying to achieve in Parliament?

• Support for her Brexit deal

• A new trade agreement with the US

• An increase in defense spending

• A reduction in taxes

What is the potential risk if Prime Minister May fails to gain support for her deal?

• A new election

• A stronger Sterling

• A hard Brexit

• An economic boom

What is the advised strategy for traders dealing with Sterling amidst the political crisis?

• Invest heavily in Sterling

• Wait for more news before making decisions

• Sell all Sterling assets immediately

• Ignore the political situation

What could provide more clarity on Sterling's direction by Monday morning?

• A new economic policy

• Weekend news about political support

• A change in interest rates

• A trade agreement with China